Venterra Realty Secures $50M Loan For Multifamily Properties In San Antonio & League City

The Fairways at South Shore in San Antonio and The Palazzo in League City have secured a combined $50 million in loans. Venterra Realty, the landlord of both properties, obtained a $40 million fixed-rate loan from Freddie Mac for Fairways at South Shore. Additionally, they secured a separate $10 million fixed-rate loan from Fannie Mae for The Palazzo.

Summary of Transaction Details:

• Property Type: Multifamily
• Transaction Amount: $50,000,000
• Market: San Antonio & League City
• Address: 5455 Rowley Road & 3045 Marina Bay Drive
• Landlord: Venterra Realty
• Lender: Colin Cross - lument''>Lument

Colin Cross from Lument served as the lender for both loans. This financing arrangement strengthens the position of Venterra Realty as they continue to invest in and manage properties in the San Antonio and League City markets.